Websol Energy System Ltd
₹ 1,211
-1.28%
28 Oct
- close price
About
Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. [1]
Key Points
- Market Cap ₹ 5,259 Cr.
- Current Price ₹ 1,211
- High / Low ₹ 1,891 / 802
- Stock P/E 26.4
- Book Value ₹ 64.0
- Dividend Yield 0.00 %
- ROCE 59.2 %
- ROE 80.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 68.5% CAGR over last 5 years
Cons
- Stock is trading at 18.9 times its book value
- Promoter holding is low: 27.7%
- Promoters have pledged or encumbered 88.1% of their holding.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 305 | 356 | 280 | 296 | 183 | 69 | 196 | 154 | 213 | 17 | 26 | 575 | 683 | |
| 291 | 351 | 271 | 267 | 167 | 93 | 193 | 120 | 187 | 30 | 27 | 322 | 370 | |
| Operating Profit | 14 | 5 | 9 | 29 | 17 | -25 | 3 | 34 | 26 | -13 | -1 | 253 | 312 |
| OPM % | 5% | 1% | 3% | 10% | 9% | -36% | 1% | 22% | 12% | -74% | -5% | 44% | 46% |
| -39 | -39 | -1 | 70 | 11 | 17 | 4 | 60 | 6 | 1 | -110 | 2 | 4 | |
| Interest | 31 | 2 | 1 | 5 | 9 | 6 | 6 | 9 | 3 | 4 | 5 | 20 | 19 |
| Depreciation | 18 | 16 | 15 | 15 | 14 | 15 | 15 | 15 | 15 | 15 | 36 | 41 | 44 |
| Profit before tax | -74 | -52 | -9 | 79 | 5 | -29 | -15 | 69 | 14 | -32 | -153 | 194 | 254 |
| Tax % | 0% | 1% | 14% | 0% | 0% | 0% | -127% | 29% | 30% | -25% | -21% | 20% | |
| -74 | -52 | -10 | 79 | 5 | -29 | 4 | 49 | 10 | -24 | -121 | 155 | 199 | |
| EPS in Rs | -33.84 | -23.83 | -4.49 | 35.83 | 1.79 | -9.97 | 1.34 | 15.86 | 2.64 | -6.11 | -28.66 | 35.64 | 45.83 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 24% |
| 3 Years: | 39% |
| TTM: | 397% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 69% |
| 3 Years: | 160% |
| TTM: | 2354% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 125% |
| 3 Years: | 137% |
| 1 Year: | -6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 16% |
| 3 Years: | 23% |
| Last Year: | 80% |
Balance Sheet
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 27 | 29 | 31 | 31 | 37 | 39 | 42 | 42 |
| Reserves | -164 | -217 | -227 | 36 | 74 | 95 | 94 | 143 | 155 | 152 | 66 | 236 |
| 389 | 382 | 352 | 84 | 81 | 76 | 78 | 35 | 36 | 28 | 184 | 153 | |
| 383 | 400 | 306 | 175 | 187 | 152 | 109 | 75 | 58 | 48 | 61 | 83 | |
| Total Liabilities | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
| 322 | 280 | 266 | 283 | 304 | 287 | 254 | 239 | 225 | 210 | 270 | 285 | |
| CWIP | 12 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 6 | 30 | 17 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5 |
| 296 | 307 | 187 | 34 | 65 | 64 | 56 | 45 | 61 | 51 | 53 | 208 | |
| Total Assets | 629 | 587 | 453 | 317 | 369 | 352 | 311 | 284 | 286 | 267 | 353 | 514 |
Cash Flows
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -56 | -13 | 30 | 142 | 10 | 5 | 1 | 36 | -3 | -8 | 35 | 167 | |
| -14 | -4 | -0 | 28 | -1 | 6 | 13 | -0 | -1 | -6 | -223 | -86 | |
| 63 | 15 | -30 | -168 | -12 | -11 | -14 | -35 | 6 | 10 | 189 | -35 | |
| Net Cash Flow | -7 | -1 | -1 | 2 | -3 | 0 | 0 | 1 | 2 | -4 | 1 | 47 |
Ratios
Figures in Rs. Crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 210 | 162 | 94 | 2 | 42 | 51 | 33 | 47 | 46 | 37 | 11 | 3 |
| Inventory Days | 55 | 61 | 33 | 7 | 51 | 216 | 29 | 70 | 56 | 544 | 525 | 70 |
| Days Payable | 328 | 283 | 250 | 64 | 172 | 517 | 134 | 157 | 58 | 878 | 1,334 | 66 |
| Cash Conversion Cycle | -63 | -60 | -124 | -55 | -79 | -249 | -72 | -40 | 45 | -298 | -798 | 7 |
| Working Capital Days | -387 | -363 | -353 | -183 | -98 | -397 | -102 | -77 | -16 | -853 | -709 | -5 |
| ROCE % | -1% | -5% | -3% | 62% | 8% | -12% | -1% | 11% | 7% | -11% | -14% | 59% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 23 Oct
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Board Meeting Outcome for Re-Appointment Of Ms. Sanjana Khaitan As Whole-Time Director (Executive Director) Of The Company, Subject To The Prior Approval From The Members Of The Company
17 Oct - Board reappointed Sanjana Khaitan as Whole-time Director; postal ballot and share subdivision expected November 2025.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Oct
-
Announcement under Regulation 30 (LODR)-Change in Management
3 Oct - Ms Sanjana Khaitan ceased as Executive Director after AGM on 29 Sep 2025; reappointment not approved.
-
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
1 Oct - AGM 29 Sep 2025: approved 1:10 share split, authorized capital Rs60 crore, multiple director appointments.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Products
The company is a leading manufacturer of high-quality solar cells and modules, which serve as critical components in the development of utility-scale power plants, as well as rooftop and commercial & industrial (C&I) solar power installations. [1]